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the 24th right-to-work state in america. as you see how it is spreading there in blue. steve moore, senior economics writer, "wall street journal." matt mccall, president of penn financial group. gentlemen, good morning to you. steve, what does it mean for michigan? by the way it is not signed into law yet. they have a five-day grace period. what does it mean. >> this story is shocker, bill. we heard about it tuesday. they caught the unions napping. it is huge for michigan. it is old industrial state. epicenter of the old rust belt. my studies and a lot of others show, states of right to work where the jobs are going. we covered that story last year when boeing wanted to move its facility out of washington to south carolina one of the reasons they wanted to do that, bill, because south carolina is a right-to-work state. it is huge for the economic future of michigan. the other point i would like to make, bill, unions say this is anti-worker, when in fact it is exactly opposite. all right to work laws do, people get confused about this, all these laws do say the union has the right
on what is already a fragile economic recovery. stephen moore joins us. when economic growth was comparatively pretty good, this the president said no, now you don't want to raise tax rates because the economy is fragile. gdp is worse now, is that? >> i think almost exactly two years ago, the president said the economy is too fragile to raise taxes on anyone. so what you have essentially was a deal that was put together. remember back in december of 2010 when we were facing a very similar situation where they agreed to extend all the tax cuts for two years. by the way, that is why we are facing this new fiscal cliff. it is infuriating to business owners. i have been talking to a lot of them last couple of weeks. this is banana republic type of politics. no one knows what it will look like. it makes it impossible for businesses to do planning, purchasing equipment, hiring workers. you are seeing the impact on the stock market already where we have a lousy 10 days with stocks because everybody is in this kind of state of fear and trepidation that we are going to go over this cl
to get a reality check from stephen moore, a member of the wall street editorial board and author of "who's the fairest of them all?" . stephen, we have spent six month talking about this can't happen we can't go off the fiscal cliff. we've got to meet this deadline and now they are saying, it's not that bad. which is it? >> look, i don't think it's the end of the world and i think it would get resolved in the weeks ahead but it's a black eye for our whole political system. think about this. here we are two or three days away from the start of the year without any american business or investor or workerer knowing what the payroll tax is going to be, income tax is going to be, i mean, this just isn't a very good way to run a country and it's almost like banana republic politics. >> my dad used to say, no way to run a railroad. let's talk about a couple of things. this whole idea that tax rates on everyone will go up. does the irs, does the treasury department have the ability to sort of say, look, here's some guidance. keep withholding where it is? >> the irs is in turmoil right now. they
, michael moore, waived his right to a hearing. >>> today the man accused of walking into sandy hook elementary school in virginia with a 2 by 4 will also be in court. that happened last week in strasburg. 33-year-old christopher johnson wrote high-powered rifle on that board. he made general statements about school safety. no one was hurt. johnson is charged with disorderly conduct. >>> the loudoun county sheriff's office is investigating a deadly shooting. it happened around 7:00 last night in sterling. deputies found the victims shot to death near great trail terrace and trail run terrace. his name has not been released. detectives believe the man was targeted. anyone with information about this case is asked to call police. >>> a busy day at the mall turned to chaos in newport news, virginia. police were called to the patrick henry mall last night for the report of a fight. they controlled the situation and left. but they had to come back less than an hour later. they found a mob of teenagers fighting. when officers stepped in, the teens started targeting police officers. five te
? joining me now, senior economics writer or for "the wall street journal" steve moore. steve, thanks for making it in today. >> hi, jamie. we're having a white christmas in chicago. so it is a lot of fun. jamie: i know chicago, burr. the numbers are also pretty chilling for retailers who do what percentage of their business during the holiday season? >> you know, those months of november and december are absolutely crucial, jamie, for the retailers. about 40 to all their business all year is done in those two holiday months. so it's, not very good news that the retail numbers came in, you called them lackluster. and that's probably putting it charitiably. this was the worst year since 2008. it is actually, surprising, jamie, because if you look at some other indicators, consumer confidence had actually bumped up a little bit in the last couple months. we have, i wouldn't read too much into this because other indicators of the economy are looking up right now. jamie: so do you think it's an anomaly that it isn't going up? is it an indication if we go over the fiscal cliff there's conc
security analyst ryan moore. ryan good to have you on the show. five that you outline and i want to make sure we get to all five. start with the israel or iranian conflict, will that heat up. >> sure. israel has to stop or delay it and iran presidential election and when there is a political crisis you pick a fight with israel. >> eric: we need to point out not the president of iran that has the power but the mullahs. >> right. >> eric: chaos in syria spread? >> it is already spreading. al-qaida operatives trying to carry out terrorist attack in jordan and face a, the dictator that is a proxy of iran and fighting militants and muslim brotherhood. >> eric: how does it theten america. >> this is a stronghold for al-qaida there. is plenty of good rebel to work with and we didn't . secular rebels don't control what is happening on the ground. >> eric: serious threat. middle eastern oil turmoil. what can happen. >> everyone focus on the conflict of iran and israel. but there is a conflict between saudi arabia and iran . the fact that iranian tried to launch a cyber attack. shows that saudi ar
Search Results 0 to 5 of about 6